What does Jeremiah 47:2 mean?

The Lord says: Look, waters are rising from the north, turning into a flooding river. They’ll flood the land and everything in it, the towns and everyone living there. People will cry out, and everyone in the land will scream. Jeremiah 47:2 - Modern Text Bible

(A powerful enemy (Babylon) is coming from the north like a flood, overwhelming the Philistines and causing panic everywhere.)